Heilongjiang Local State-Owned Enterprises Achieve Strong Start in Q1 2026

Heilongjiang Provincial Agricultural Investment Group’s Breeding Farm has closely focused on the annual grain production target, integrating spring ploughing preparations with enterprise reform, development and operation. It has steadily promoted various agricultural work on the land of Heilongjiang, taking on the responsibility of being a "ballast stone" for food security and setting a dynamic tone for the province’s local state-owned enterprises (SOEs) in the first quarter of 2026.

People’s Daily Heilongjiang Channel reports that in the first quarter of 2026, Heilongjiang’s local SOEs achieved an added value of 14.527 billion yuan, a year-on-year increase of 1.43%. Among them, enterprises funded by the Provincial State-owned Assets Supervision and Administration Commission (SASAC) achieved an added value of 8.955 billion yuan, a year-on-year increase of 0.04%. Key economic indicators maintained a steady upward trend, with key enterprises, projects and fields working together to achieve a strong start in the first quarter.

As the upsurge of project construction across the province continues to heat up, a number of key energy projects have been put into effect one after another. The new mine construction project of Jixi Mining Company’s cooperative coal mine has officially started, with a total investment of 4.1 billion yuan and a construction period of 43 months. The mine has recoverable reserves of 130 million tons and a designed annual production capacity of 1.5 million tons, with a modern coal preparation plant built in supporting facilities. Once put into production, it will provide important support for regional energy supply guarantee.

Longjian Road & Bridge Co., Ltd. has continuously received good news of winning bids in markets inside and outside the province. The enterprise won four projects in the first quarter, with a total bid-winning amount of 194 million yuan. New projects have been coming one after another, and ongoing projects are progressing steadily. The right asphalt surface paving of the JTBL-03 section of the Anhui G3 Beijing-Taipei Expressway Bengbu Interchange to Intersection Hub Reconstruction and Expansion Project, undertaken by the company, has been successfully completed, and the main project of the whole section has been fully finished.

At various construction sites of Harbin Shipping Group Port and Shipping Company, construction personnel are seizing the construction period to make every effort to tackle key problems. The Huachuan Project Department completed a total output value of 42 million yuan in the first quarter, achieving breakthroughs in key nodes. The 2025 high-standard farmland construction project in Bayan County overcame cold weather to carry out construction at multiple sites, having completed projects such as machine-ploughed road gravel cushions and gabion revetments.

People’s Daily Heilongjiang Channel notes that key industrial enterprises directly under Heilongjiang Province have maintained a sound operation trend since the first quarter. The New Industrial Investment Group achieved an operating income of 3.2 billion yuan in the first quarter, a year-on-year increase of 9.21%, hitting the highest level in the same period; it achieved a profit of 240 million yuan, a year-on-year increase of 9.09%. As an important factor trading platform in the province, the Trading Group achieved a platform transaction volume of 425 million yuan in the first quarter, a year-on-year increase of 200%.

The transportation market has recovered simultaneously, driving a sharp increase in operating data. Heilongjiang Provincial Railway Group completed a total freight volume of 716,100 tons in the first quarter, a year-on-year increase of 132.80%; passenger volume reached 56,200 person-times, a year-on-year increase of 3%; operating income was 102.5 million yuan, a year-on-year increase of 120.4%.

Innovation investment and project investment have increased simultaneously, injecting lasting momentum into the high-quality development of Heilongjiang’s SOEs. In the first quarter, local SOEs in Heilongjiang invested 221 million yuan in R&D funds, a year-on-year increase of 0.96%. Currently, Heilongjiang’s state-owned assets and SOEs are focusing on their main responsibilities and businesses, and will further promote production and operation, project construction and reform and innovation to contribute to the province’s high-quality development and sustainable revitalization.